RCS - Corcel PLC - Investor Presentation Update

CorcelAnnouncement

16/12/2024 07:30

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RNS Number : 1930Q  Corcel PLC  16 December 2024

REACH

 

Corcel PLC

("Corcel" or the "Company")

Investor Presentation Update

 

 

16 December 2024

 

Corcel Plc (London AIM: CRCL), the pan-Angola-Brazil focused energy company,
is pleased to announce that it has published an updated investor presentation
now available for download on its website.

 

The presentation can be accessed via the link below.

 

Link: https://tinyurl.com/3n8maznh (https://tinyurl.com/3n8maznh)

 

The company is also pleased to share its plans to host investor events in
January 2025. Further details will be shared in due course. We look forward to
engaging with our investors and stakeholders during these events.

 

Scott Gilbert, Corcel's Chief Executive Officer, commented: "We are excited to
present our updated investor presentation, reflecting the progress Corcel has
made in 2024. This year, we focused on strategically optimising our portfolio
to align with our long-term objectives and enhance overall asset quality. The
diversification of our portfolio, including the addition of assets in Brazil
and the implementation of the operational plan for exploration in Angola,
demonstrates our commitment to creating sustainable value for our shareholders
through long-term growth and operational efficiency. We look forward to the
upcoming investor events in January 2025, which will provide an excellent
opportunity to engage directly with our investors and share detailed insights
into the quality of our portfolio and our operational plans."

 

 

For further information, please contact:

 

Scott Gilbert - Corcel Plc, CEO & Director

Development@Corcelplc.com (mailto:Development@Corcelplc.com)
 

 

James Joyce / James Bavister / Andrew de Andrade - Zeus, NOMAD & Broker

020 3829 5000
 
 

 

Jonathan Wright / Rupert Holdsworth Hunt - Auctus Advisors, Joint Broker

07711 627449

 

Patrick d'Ancona - Vigo Communications, IR

0207 3900 230
 

 

About Corcel:

 

Corcel has a notable oil and gas portfolio in onshore Angola that includes
brownfield redevelopment opportunities and significant exploration upside.
Corcel marked a new country entry into Brazil by acquiring rights to producing
gas and exploration assets, further diversifying its portfolio and enhancing
its growth potential.

 

Corcel's Angola portfolio consists of interests in three licences:

·    KON - 16 Operated - 55% working interest - 49.5% net to CRCL

·    KON - 11 Non-Operated - 20% working interest - 18% net to CRCL

·    KON - 12 Non-Operated - 25% working interest - 22.5% net to CRCL

 

 Corcel's Brazil portfolio consists of the option to acquire:

·    a 20% interest in the IRAI gas field

·    a right-of-first refusal ("ROFR") over the remaining 80% in the IRAI
field, and

·    another ROFR for 100% of the adjacent TUC-T-172 exploration block,
located in the state of Bahia, onshore Brazil.

 

Corcel's Battery Metals portfolio consists of an 80% working interest in the
Mt Weld Rare Earth Elements project in Western Australia.

 

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